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P2P lending news roundup 22/03/17




By Daniel Lanyon on 22nd March 2017

https://goo.gl/aS5Mr1

The most important stories and data from the world of P2P lending and alternative finance.

 

 

With less than a couple of weeks until the new tax year, investors around UK are scrambling to make use of their ISA allowance before the 5 April deadline.

 

Despite delays to the Innovative Finance ISA for the four largest P2P platforms, there have been a spate of launches among smaller providers including Goji, HNW Lending and Property Crowd.

 

One of the ‘founding fathers of the p2p and marketplace lending industry – Zopa’s Giles Andrews has a new job. More specifically, another job. Andrews has just been announced as non-executive chairman of MarketInvoice, which recently passed the £1bn mark in invoices funded to date.

 

Pollen Street Capital-backed alternative lender Capitalflow has secured a new round of funding valued at £50m to finance its loans to Irish SMEs.

 

Two nuggets of good news for Funding Circle, which is just behind Zopa in the top spot as the UK’s largest P2P lender. Firstly, it is looking to raise a substantial amount of cash through its listed fund. Secondly, its – and Europe’s – first securitisation has seen a boost in the form of an upgrade from ratings agency Moody’s.

 

P2P platform Landbay is turning to crowdfunding for capital. The buy-to-let mortgage lending platform, is hosting a £1.5m equity crowdfunding round on SeedrsLandbay is already overfunded, with more than £1.7m invested so far.

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